Thursday, November 01, 2007

$7,000 is the Average Income Per Person Worldwide

The world's average income - total world income divided by total number of people - is about $7,000. Still, only about 19 percent of the world's population lives in countries with per capita incomes at least this high.

Countries with an average income near $7,000 include Mexico, Chile, and Latvia. They rank about 40th in the global income table.

As of 2005, people living in rich countries had an average income of about $35,000. The high incomes in these countries make the world average income four times larger than the world median income, which was $1,700 that year.

Enter your annual income and see where you rank worldwide.

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